Optician chain taps new growth opportunities with investor

08.2018: The independent pan-European investment company Argos Wityu has acquired a majority stake in German aktivoptik Group (aktivoptik) as part of a succession plan. With a network of 76 stores, most of them in hypermarkets and other highly frequented locations, and sales of around 50 million Euros (as of 2017) the medium-sized family company is Germany’s fifth-largest optician and hearing care chain. The parties have agreed not to disclose the purchase price or other details of the transaction. The transaction is still subject to approval of the relevant antitrust authorities. After almost 30 years of dynamic growth of aktivoptik, the founding family wants to pave the way for an orderly transition which at the same time will drive future growth of the company. Together, the family, the new majority shareholder and the existing management want to achieve this goal by opening new branches and tapping new growth opportunities through selective add-on-acquisitions. The founder and former majority shareholder Rolf Schneider (68) will retain a stake of around 25 percent in the company and will continue his activities as CEO to ensure continuity until a suitable successor has been found. In addition, he will retain close ties to the company in the long term and closely accompany its strategic development as a member of the newly established advisory board.